SCOTTSDALE, Arizona Dec. 23, 2002 SolarQuest® iNet News Service
Kyocera Solar, Inc. (KSI), a world-leading supplier of photovoltaic (PV) systems, was chosen by the California Fair Industry to provide 2.4MW of solar modules for electric power generation to fairgrounds throughout the state.
The California Fair Industry estimates that the grid-tied solar systems will allow state fairs to take advantage of California's net metering program and will reduce their energy costs by approximately 20%. After their 10-15-year payback period, these clean energy systems will provide free electricity for state fair operations.
"This represents a significant commitment from the state of California to use alternative energy for its fairgrounds, and Kyocera is proud to have the opportunity to participate in this program," said Doug Allday, President of Kyocera Solar Inc.
Kyocera Solar, Inc. is a world-leading supplier of environmentally sound, solar electric energy solutions, with headquarters in Scottsdale, AZ and sales affiliates in Brazil and Australia. The company is a wholly-owned subsidiary of Kyocera International Inc. of San Diego, the North American headquarters and holding company for Kyoto, Japan-based Kyocera Corporation.
Kyocera Corporation, parent and headquarters of the global Kyocera Group, has sold and installed more than 19,000 residential solar systems. Since its founding in 1959, the company has combined its core competency in advanced materials with other technologies to become a leading producer of solar energy systems; industrial and electronic components; and information and communications equipment, including wireless phones, copiers, printers, faxes and cameras. Kyocera Corporation recorded consolidated sales of 1.03 trillion yen ($7.78 billion), with net income of 31.95 billion yen ($240 million), during the year ended March 31, 2002. On July 15, Kyocera was ranked #25 in Japan, and #272 in the world, on BusinessWeek magazine's annual "Global 1000" listing of the world's most highly valued publicly held companies.